15:56:48 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Kwesst Micro Systems Inc (2)
Symbol KWE
Shares Issued 4,072,738
Close 2023-10-23 C$ 2.00
Market Cap C$ 8,145,476
Recent Sedar Documents

Kwesst receives notice of allowance for LEC patent

2023-10-24 11:42 ET - News Release

Mr. David Luxton reports

KWESST ANNOUNCES ALLOWANCE AND NOTIFICATION OF ISSUE OF U.S. PATENT FOR PARA OPS

Kwesst Micro Systems Inc. has received notice of allowance for the Luxton low-energy cartridge (LEC) patent from the U.S. Patent Office (USPTO) and notification that the USPTO will issue the patent Oct. 31, 2023. The company's Para Ops product line is based on the LEC patent (U.S. patent No. 11,802,754).

LEC patent for Para Ops

"This validates the highly innovative nature of the Para Ops design," said David Luxton, executive chairman of Kwesst. "We expect it to provide meaningful protection as we bring the Para Ops products to market. This is an important addition to our IP portfolio for increased long-term shareholder value."

The LEC design is based on a munitions system consisting of a cartridge casing with a helical interior configuration and a matching exterior shape on the projectile which is typically a soft polymer. The combination spins the soft projectile for stability and accuracy over distance. The cartridge requires no gunpowder which would otherwise overpower and burst a soft projectile. The design eliminates the need to push the projectile through a rifled barrel which would compress and deform the projectile and slow its velocity. The only power source is a primer cap or similar energetic actuator in the rear of the cartridge case.

Para Ops has been in limited production through the summer and early fall of 2023 to obtain selected user feedback. Based on very positive results the company is now scaling up for full production with first sales expected in the current quarter.

About Kwesst Micro Systems Inc.

Kwesst develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other Kwesst products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with original equipment manufacturer products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary non-lethal product line branded Para Ops with application across all segments of the non-lethal market, including law enforcement. The company is headquartered in Ottawa, Canada, with operations in Stafford, Va., and representative offices in London, United Kingdom, and Abu Dhabi, United Arab Emirates.

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